BSE is waiting for approval from Insurance Regulatory and Development Authority of India (IRDA), to start insurance distribution platform.

Ashish Kumar Chauhan, Chief Executive Officer, BSE stated that, “We have tied up with Ebixis for the insurance platform and sought IRDA’s approval. We are expecting the approval soon and the platform will be launched in the next few months.” Ebixis is the US-based insurance exchange.

This insurance platform, will allow distributors to sell different policies from different life and general insurance companies on a single platform. Chauhan further added, “Many choices will be given to customers in life and health insurance policies. Insurance companies will be able to expand their network through our 3 lakh terminals across the country.”

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